Several members of my <a href="https://en.lb-lb.com/category/<a href="https://en.lb-lb.com/category/economy/”>economy/”>investment club often enquired about my personal story of stock market <a href="https://en.lb-lb.com/category/<a href="https://en.lb-lb.com/category/economy/”>economy/”>investment. Members requested me to share my lesson learned in stock trading and <a href="https://en.lb-lb.com/category/<a href="https://en.lb-lb.com/category/economy/”>economy/”>investment to them for everybody’s benefit.
Let me share with you the most decisive moment of my life, which make me a successful stock market investor.
I have a big dream to make million in stock trading to fulfill my dream of 4-bedroom apartment on the beach, the red Ferrari, big plasma TV in an office overlooking the surf beach 12 floors below etc.
On that particular Sunday morning in April’92, while I was sitting at my computer studying the market, my daughter asked me when we would be rich so that we can enjoy family vacation at Greek Islands.
I looked at her eyes and found a simple question “Daddy, why aren’t we rich?”
I looked back at my past and realized I tried to create wealth for last 10 years but without a real success. My silent answer to my daughter is that I am yet to achieve financial freedom. I’m still trying to come out of rat race even though I survived October’1987 crash on black Monday somehow.
I did introspection and realized that I bought some shares that were going down and then didn’t sell them soon enough. I was in profit but why I didn’t really make the big money from stock market.
I started going through all the transactions to find out what went wrong.
I asked myself why I bought those <a href="https://en.lb-lb.com/category/economy/”>stocks first. I started to analyze what triggered me to sell the <a href="https://en.lb-lb.com/category/economy/”>stocks.
After some number crunching, I discovered there was no reason to buy those shares in the first place. I had no reason to hold on to them when they kept going down.
I learnt my first lesson in my <a href="https://en.lb-lb.com/category/<a href="https://en.lb-lb.com/category/economy/”>economy/”>investment to ask the question why for every decision.
After some day, I reached my “Aha!” moment and I changed my strategy of stock market <a href="https://en.lb-lb.com/category/<a href="https://en.lb-lb.com/category/economy/”>economy/”>investment.
I started by writing out my vision – what I wanted my life to look like when I became a successful trader and investor. Once I visualized end state, I started taking small steps to achieve my dream of earning millions from stock investing and option trading.